RE: Raising the minimum wage won't help
June 7, 2021 at 3:20 pm
(This post was last modified: June 7, 2021 at 3:46 pm by mascale.)
U.S. Total Credit Market Debt Outstanding, (Federal Reserve Data), is $83.0 tril. not just the U. S. Federal portion, about $28.0 tril. People have mortgages and so on. Credit Cards are famous. Corporate obligations are famous. U.S. Personal Income is closer to $20.0 tril. The U.S. Federal financial system is how that becomes relevant.
A federal judge in San Diego created a parallel reasoning aside. California local gun ordinances are temporarily unconstitutional, likely appealed. The 2nd Amendment--the original colonials put really close to Amendment One(?)--creates a right to personal weapons and tools ownership. The subject of matches, however: Never comes up(?). The judge brought up a comparison of The Swiss Army knife to an AK-47 type weapon. George Washington knew nothing about either one, but did Know about Fire, and the the knife-like fire-starters. By 1828 or so, there even matches. Are matches constitutionally protected weapons? Even fireworks are regulated, is an answer source. The little red trucks are not thought unconstitutional, even(?), even though everyone has the right to own matches, light candles, and light fires.
Comparing, what the federal government owes is not usual credit. It is "Debt," but is match-like(?), a kind of tool. It is dependent upon acceptance of the currency: And even that is recently differently backed. Gold and silver have been replaced with U-235 and U-238, some might reason. The currency is accepted, or else(?). The federal debt is statutory. Usual private sector repayment rarely applies. The Federal Treasury keeps it acceptable, (bonds and notes). The debt instruments, (tools, like matches), are paid.
Your debt you repay. Federal debt you do not. No one person pays that debt. No nation of persons even pays it. It is statute-backed, "Fiat Money," now even so-called. When accounts need adjustment, then statutes apply. Clearly. $20.0 tril. Personal Income is hard-pressed to keep up with $65.0 tril. private sector debt. That could not be kept expanding forever. With basis only Personal Income: There is major reduced ability to accept a whole lot more private sector debt. So in waltzed the federal Government, and mostly in this century, staring out.
The banks have, (Or had) more cash than they lend. Interest rates are cheap. They are applied to horrific-level numbers, however. The outcome is way beyond Biblical, even in scope. You can, however deposit and withdraw money at will. You can buy and sell goods and services. The money is safe, and acceptable.
Oops!
Unless you don't have enough(?). There are hunger levels in USA again, and there were Food Lines. Herbert Hoover took a hit, expecting even the American Friends Service Committee to handle it(?). New Deal had to happen. "Minimum Wage" is now being replaced with "Living Wage." Re-read the opening sentences of the paragraph. Statutory Minimum Wage is a problem-response. The funny little red fire trucks are a problem-response. The regulation of the weapons actually protects the well-regulated militias--from the deranged, and from derangement. See now famous January 6, 2021, US Capitol building.
So debt and credit even include differently regulated forms--private and public. State and Local deficits are more akin to private. There are repayment and credit rules. The Federal Deficit has recently been reported to be keeping the market-place of customers: Even all flush with cash. No more food lines, and even lots more of the little Red Trucks can be created.
The need for the financial tool arose. Many will contend, with basis in recent events: That even a lot more Red Trucks will be necessary, where-ever it is that Republicans may win.
One curious asset: Evangelicals are not cheering any new need for an abundance of the new little Red Trucks, even! It may likely make better sense to not go out and vote, and there being no mail-in voting, or early voting, drop-off voting or other expansion.
"Crow, James Crow: Shaken, Not Stirred!
(No Lives Matter: Especially when at prayers!)
A federal judge in San Diego created a parallel reasoning aside. California local gun ordinances are temporarily unconstitutional, likely appealed. The 2nd Amendment--the original colonials put really close to Amendment One(?)--creates a right to personal weapons and tools ownership. The subject of matches, however: Never comes up(?). The judge brought up a comparison of The Swiss Army knife to an AK-47 type weapon. George Washington knew nothing about either one, but did Know about Fire, and the the knife-like fire-starters. By 1828 or so, there even matches. Are matches constitutionally protected weapons? Even fireworks are regulated, is an answer source. The little red trucks are not thought unconstitutional, even(?), even though everyone has the right to own matches, light candles, and light fires.
Comparing, what the federal government owes is not usual credit. It is "Debt," but is match-like(?), a kind of tool. It is dependent upon acceptance of the currency: And even that is recently differently backed. Gold and silver have been replaced with U-235 and U-238, some might reason. The currency is accepted, or else(?). The federal debt is statutory. Usual private sector repayment rarely applies. The Federal Treasury keeps it acceptable, (bonds and notes). The debt instruments, (tools, like matches), are paid.
Your debt you repay. Federal debt you do not. No one person pays that debt. No nation of persons even pays it. It is statute-backed, "Fiat Money," now even so-called. When accounts need adjustment, then statutes apply. Clearly. $20.0 tril. Personal Income is hard-pressed to keep up with $65.0 tril. private sector debt. That could not be kept expanding forever. With basis only Personal Income: There is major reduced ability to accept a whole lot more private sector debt. So in waltzed the federal Government, and mostly in this century, staring out.
The banks have, (Or had) more cash than they lend. Interest rates are cheap. They are applied to horrific-level numbers, however. The outcome is way beyond Biblical, even in scope. You can, however deposit and withdraw money at will. You can buy and sell goods and services. The money is safe, and acceptable.
Oops!
Unless you don't have enough(?). There are hunger levels in USA again, and there were Food Lines. Herbert Hoover took a hit, expecting even the American Friends Service Committee to handle it(?). New Deal had to happen. "Minimum Wage" is now being replaced with "Living Wage." Re-read the opening sentences of the paragraph. Statutory Minimum Wage is a problem-response. The funny little red fire trucks are a problem-response. The regulation of the weapons actually protects the well-regulated militias--from the deranged, and from derangement. See now famous January 6, 2021, US Capitol building.
So debt and credit even include differently regulated forms--private and public. State and Local deficits are more akin to private. There are repayment and credit rules. The Federal Deficit has recently been reported to be keeping the market-place of customers: Even all flush with cash. No more food lines, and even lots more of the little Red Trucks can be created.
The need for the financial tool arose. Many will contend, with basis in recent events: That even a lot more Red Trucks will be necessary, where-ever it is that Republicans may win.
One curious asset: Evangelicals are not cheering any new need for an abundance of the new little Red Trucks, even! It may likely make better sense to not go out and vote, and there being no mail-in voting, or early voting, drop-off voting or other expansion.
"Crow, James Crow: Shaken, Not Stirred!
(No Lives Matter: Especially when at prayers!)
